You Don't Have To Read Chinese To See Why This Chart Has Beijing Freaked Out

You don’t really have to speak or read Chinese to understand this chart of Chinese inflation.

inflation china

Photo: Stats.gov.cn

Month over month inflation (the yellow) line just went negative.

More broadly, inflation by any measure is quickly dropping. The 3.0% YOY reading (blue line) was below consensus estimates of 3.2%.

That’s why China is panicking, and cut rates on Thursday morning.

Click here for more on why China is panicking >

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